Government Budgeting UPSC Questions

Economics

Government Budgeting MCQ Questions


7.
The receipts and expenditure that relate to the current financial year only are included in the revenue account called _____
A.
Capital budget
B.
Revenue budget
C.
Static budget
D.
Variance budget
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ANSWER :
B. Revenue budget
8.
There has been a persistent deficit budget year after year. Which action/actions of the following can be taken by the Government to reduce the deficit?
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalizing subsides
4. reducing import duty
select the correct answer using the code given below;
UPSC - 2016
A.
1 only
B.
2 and 3 only
C.
1 and 3 only
D.
1,2,3 and 4
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ANSWER :
C. 1 and 3 only
9.
When a bill is referred to a joint sitting of both the Houses of the Parliament, it has to be passed by
UPSC - 2015
A.
a simple majority of members present and voting
B.
three-fourths majority of members present and voting
C.
two-thirds majority of the Houses
D.
absolute majority of the Houses
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ANSWER :
A. a simple majority of members present and voting
10.
The receipts and expenditure that concern the assets and liabilities of the government into the capital account is called
A.
Capital budget
B.
Revenue budget
C.
Static budget
D.
Variance budget
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ANSWER :
A. Capital budget
11.
There has been a persistent deficit budget year after year.
Which of the following actions can be taken by the government to reduce the deficit?
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalizing subsidies
4. Expanding industries
Select the correct answer using the code given below:
UPSC - 2015
A.
1 and 3 only
B.
2 and 3 only
C.
1 only
D.
1, 2, 3 and 4
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ANSWER :
A. 1 and 3 only
12.
Goods such as the national defence, roads, government administration are referred to as
A.
Club goods
B.
Private goods
C.
Public goods
D.
Common resources
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ANSWER :
C. Public goods